UNIVERSITY OF KENTUCKY BOARD OF TRUSTEES Melissa Gleason, - - PowerPoint PPT Presentation

UNIVERSITY OF KENTUCKY BOARD OF TRUSTEES

Melissa Gleason, Executive Associate Athletics Director

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Report to Athletics Oversight Committee

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Process

• Historical
• Solicit proposed budgets from sports and units early/mid February
• Establish due date one month later
• Begin reviewing and requesting additional information
• Continue to adjust as new information becomes available (i.e., competitive

schedules finalized, officials’ pay rates, tuition, salary and benefits, etc.)

• Current
• After due date, COVID-19 changed our world
• Re-evaluating the process
• What is mandatory?
• What can we adjust?
• Analyzing of all line items of current FY2019-2020 budget

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Analysis of FY2019-20 Operating Budget

• $153,972,160 operating budget (excluding $2.5M camp budget)
• $56,687,173 budget for salaries and benefits
• $18,350,468 budget for scholarships
• $34,267,112 budget for other obligations
• Medical Care for Student Athletes
• Guarantees
• Officials
• Debt Service
• Rupp Arena
• Building Insurance
• Service Assessments
• Jacobs Academic Science Building
• Non-Athletics Scholarships
• $44,667,407 adjusted operating budget

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Summary

FY2019-20 FY2020-21 Change Salaries and Benefits 56,687,173 $ 57,116,409 $ 429,236 $ Scholarships 18,350,468 $ 18,572,050 $ 221,582 $ Other Obligations 34,267,112 $ 33,758,369 $ (508,743) $ Adjusted Operating Budge 44,667,407 $ 37,095,932 $ (7,571,475) $ Total Operating Budget 153,972,160 $ 146,542,760 $ (7,429,400) $

**Excludes Camp Budget**

FY2020-21 ATHLETICS DEPARTMENT BUDGET

REVENUES: FY2019-20 Budget FY2020-21 Budget Football 40,005,000 $ 39,110,756 $ Men's Basketball 29,610,000 $ 26,215,000 $ Women's Basketball 360,000 $ 315,000 $ Multimedia and Other Contractual Rights 38,146,890 $ 37,487,360 $ K Fund 29,951,900 $ 25,600,000 $ Licensing 3,250,000 $ 1,500,000 $ Other Men's Sports 340,000 $ 220,000 $ Other Women's Sports 210,000 $ 220,000 $ Camps 2,500,000 $ 2,000,000 $ Operating Transfer

• $

4,150,000 $ Capital Gifts Transfer 7,669,125 $ 7,669,125 $ Other 4,429,245 $ 4,055,519 $ 156,472,160 $ 148,542,760 $

FY2020-21 ATHLETICS DEPARTMENT BUDGET

EXPENSES: FY2019-20 Budget FY2020-21 Budget Football 22,598,469 $ 23,204,653 $ Men's Basketball 19,147,610 $ 18,359,028 $ Women's Basketball 5,329,655 $ 4,965,268 $ Other Men's Sports 6,699,395 $ 6,041,329 $ Other Women's Sports 8,946,037 $ 8,041,032 $ Administrative Support 11,824,088 $ 10,735,685 $ External Operations 8,668,965 $ 7,551,261 $ Support Services 11,037,695 $ 10,854,740 $ Facilities and Operations 14,638,244 $ 12,236,437 $ Debt Service 7,669,125 $ 7,657,425 $ Scholarships 18,350,468 $ 18,572,050 $ Postseason 3,300,000 $ 2,640,000 $ Multimedia Rights Payment to Central Bank Center 4,750,000 $ 4,750,000 $ Multimedia Rights Baseball Project Funding 2,539,419 $ 2,539,419 $ Transfer for Service Assessment 2,547,500 $ 2,598,500 $ Transfer for Other Services Provided 541,990 $ 413,534 $ Transfer to President's Office for Scholarships 1,000,000 $ 1,000,000 $ Transfer for Robinson Scholarships 500,000 $ 500,000 $ Transfer for Singletary Scholarships 160,000 $ 160,000 $ Transfer for Jacobs Academic Science Building 3,723,500 $ 3,722,400 $ Camps 2,500,000 $ 2,000,000 $ 156,472,160 $ 148,542,760 $

FY2020-21 ATHLETICS DEPARTMENT BUDGET

FY2020-21 Revenue Adjustments

• Tickets – ($5.685M)
• Gifts and Endowment Income – ($4.352M)
• Royalties – ($1.75M)
• Camps – ($500,000)
• Multimedia Rights – ($445,000)
• Parking – ($270,000)
• Third Party Events – ($245,000)
• Concessions and Novelties – ($225,000)
• SEC Funds - $1.681M
• Operating Fund Balance Transfer - $4.150M
• Miscellaneous categories – ($288,000)

FY2020-21 ATHLETICS DEPARTMENT BUDGET

FY2020-21 Expense Adjustments

• Salaries and Benefits - $429,000
• Scholarships - $222,000
• Team Travel – ($1.48 million)
• Supplies, Minor Equipment, Furniture and Capital Equipment – ($891,000)
• Recruit and Staff Travel – ($662,000)
• Post Season – ($660,000)
• Physical Plant and other Maintenance and Repair – ($553,000)
• Guarantees – ($522,000)
• Professional Services – ($520,000)
• Utilities – ($512,000)
• Camps – ($500,000)

FY2020-21 ATHLETICS DEPARTMENT BUDGET

FY2020-21 Expense Adjustments

• Athletic Supplies – ($380,000)
• Food Services – ($359,000)
• Parking – ($326,000)
• Guest Expenses – ($245,000)
• Printing and Publications – ($216,000)
• Transfers for Services – ($128,000)
• Advertising – ($113,000)
• Computer Supplies, Licenses, and Hardware – ($111,000)
• Taxes – ($100,000)
• Miscellaneous categories – ($302,000)

FY2020-21 ATHLETICS DEPARTMENT BUDGET

FY2020-21 Revenue

Football - 26.3% Men's Basketball - 17.7% Women's Basketball - 0.2% Multimedia/Contractual Rights - 25.2% K Fund - 17.2% Licensing - 1.0% Other Men's Sports - 0.2% Other Women's Sports - 0.2% Camps - 1.3% Operating Transfer - 2.8% Capital Gifts Transfer - 5.2% Other - 2.7%

FY2020-21 ATHLETICS DEPARTMENT BUDGET

FY2020-21 Expenses

Football - 15.6% Men's Basketball - 12.4% Women's Basketball - 3.3% Other Men's Sports - 4.1% Other Women's Sports - 5.4% Administrative Support - 7.2% External Operations - 5.1% Support Services - 7.3% Facilities and Operations - 8.2% Debt Service - 5.2% Scholarships - 12.5% Postseason - 1.8% MMR Payment to CBC - 3.2%

MMR Baseball Project Funding - 1.7% Transfer for Service Assessment - 1.8% Transfer for Other Services Provided - 0.3% Transfer for Non-Athletic Scholarships - 1.1% Transfer for Jacobs Academic Science Building - 2.5%

Camps - 1.3%

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Sports Specific Data

FY2019-20 # Athletes FY2019-20 # on Scholarship NCAA Equivalency Football 131 96 85 M.Basketball 14 12 13 Baseball 44 30 11.7 M.Golf 9 8 4.5 M.Soccer 28 21 9.9 M.Swim 27 21 9.9 M.Tennis 10 9 4.5 M.Track 46 30 12.6 W.Basketball 14 14 15 W.Golf 11 11 6 Gymnastics 20 12 12 Rifle 11 11 3.6 W.Soccer 29 23 14 Softball 22 21 12 W.Swim 35 25 14 W.Tennis 9 8 8 W.Track 51 31 18 Volleyball 17 12 12 Total 528 395 265.7

$(8,000,000) $(6,000,000) $(4,000,000) $(2,000,000) $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000

Net Income/(Loss) **Net Income is calculated by allocating all revenues and expenses to the appropriate sport. Scholarships and post-season budgets are individual categories in previous slides** **Numbers include medical scholarships and mid-year enrollees**

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Capital and Other Non-Operating Revenue

REVENUES: FY2019-20 Budget FY2020-21 Budget Capital Gifts 8,000,000 $ 8,000,000 $ Capital Fund Balance 2,669,125 $ 3,669,125 $ Transfer for Debt Service (7,669,125) $ (7,669,125) $ Booster 119,350 $ 112,175 $ 3,119,350 $ 4,112,175 $

FY2020-21 ATHLETICS DEPARTMENT BUDGET

Capital and Other Non-Operating Expenses

EXPENSES: FY2019-20 Budget FY2020-21 Budget Capital Projects 3,000,000 $ 4,000,000 $ Booster 119,350 $ 112,175 $ 3,119,350 $ 4,112,175 $

QUESTIONS